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Hanwha Asset gains PFM license for mainland ChinaMarketsOct 27, 2020Hanwha Asset Management said Tuesday its wholly owned Chinese unit has been granted a private fund management license for mainland China. A PFM license, approved by the Asset Management Association ... -
Market in close watch over Samsung inheritance taxMarketsOct 26, 2020With heirs to the Samsung empire facing a colossal amount of inheritance tax on stocks owned by their late father Lee Kun-hee, the market is closely watching how they will raise the necessary funds t... -
Woori Financial to acquire Aju Capital for W572.4bMoneyOct 23, 2020Woori Financial Group said Friday its board of directors agreed to buy a controlling stake in nonbanking lender Aju Capital from private equity firm Well to Sea Investment for 572.4 billion won ($507... -
Lock-up free institutions’ selloff behind Big Hit stock plunge: market watchersMoneyOct 22, 2020An instant 425.8 billion-won ($375.1 million) selloff by major shareholders of South Korean pop music agency Big Hit Entertainment appears to have caused a sharp decline of the Big Hit stock price in... -
Kakao to raise $300m in Singapore to muster up M&A dry powderMoneyOct 22, 2020South Korea‘s internet giant Kakao is planning to issue $300 million worth of exchangeable bonds to accumulate the dry powder for its future mergers and acquisitions activities, the company said in a... -
Authorities seek to revoke Lime Asset licenseMoneyOct 20, 2020South Korea’s financial watchdog on Tuesday recommended that Lime Asset Management lose its license, the toughest penalty possible, for defrauding its investors and costing them trillions of won. Th... -
JPMorgan cuts Kiwoom Securities stake for W26.1bMoneyOct 20, 2020JPMorgan Asset Management has reduced its stake in South Korean securities brokerage house Kiwoom Securities to cash out 26.1 billion won ($22.9 million), in an apparent profit-making move, a filing ... -
KIC under fire for investing in money-losing marijuana stocksMarketsOct 19, 2020South Korea’s sovereign wealth fund Korea Investment Corp. was seeing a stock price fall in Ontario-based marijuana maker Canopy Growth, as its $18 million bet on the company lost glitter in the firs... -
PDI Seoul Forum turns virtual in 2020MarketsOct 19, 2020London-based financial intelligence company PEI said Sunday it planned to hold PDI Seoul Forum Virtual Experience on Nov. 10. The virtual event, organized by PEI’s publication Private Debt Investo... -
IMM PE looks to exit from Taihan Electric WireMoneyOct 16, 2020South Korea’s buyout firm IMM Private Equity is looking for a buyer for Taihan Electric Wire starting November, five years after it invested 300 billion won ($261.7 million) in the then-debt-saddled ... -
Economic powder keg remains despite Korea's virus containment: S&PEconomyOct 15, 2020Despite the containment of the coronavirus pandemic nationwide, South Korea, Asia’s fourth-largest economy, is still sitting on an economic powder keg, high-ranking officials of credit rating agency ... -
Yoon under siege in Assembly audit over hedge fund fiascoMarketsOct 13, 2020Troubled hedge fund mis-selling scandal that led to losses for South Korean investors and the fund managers’ alleged collusion with ruling party lawmakers and former Cheong Wa Dae officials were at t... -
BNP Paribas moves to defend partnership with Shinhan Financial GroupMarketsOct 12, 2020Shinhan Financial Group said Monday that minority shareholder BNP Paribas has bought a stake worth an undisclosed amount in the South Korean banking group by securing the minimum threshold to keep th... -
KB, K-Growth to select partners for social impact investingMoneyOct 11, 2020KB Financial Group and the Korea Growth Investment Corp. said Sunday that they would select two external partners to establish funds worth at least 30 billion won ($26 million) as part of their five-... -
Tencent-backed Maoyan divests W22b YG Entertainment stakeMoneyOct 11, 2020Tencent-backed online movie ticket booking platform Maoyan Entertainment has unloaded its stake in YG Entertainment worth a combined 22.1 billion won ($19.2 million) since August, disclosures showed ...
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01LG mulls exit from smartphone market
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03Gyeonggi residents, including foreigners, to receive COVID-19 relief
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‘Child abuse is still a family matter, not a crime, in Korea’04
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05Moon replaces foreign minister as Biden takes office
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New virus cases in 400s for 2nd day amid downward trend06
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07Korean business leaders get ready for Biden era
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New virus cases rise from low plateau 1 year after COVID-19 outbreak08
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09Korea eyes Novavax deal for 20 million people: Moon
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